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MEX_Exchange
Oct 16, 2017 2:30 AM

EURJPY profit target reached perfectly, buy on major support  Long

Euro Fx/Japanese YenFXCM

Description

Buy above 131.90. Stop loss at 131.12. Take profit at 133.42.
Reason for the trading strategy (technically):
Price dropped strongly from our selling area and has reached our profit target. We prepare to buy above major support at 131.90 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a bounce up to at least 133.42 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance).
Stochastic (34,3,1) is seeing major support at 3.7% and we expect to see a corresponding bounce off this level similar to the one we are expecting on price.

Comments
chefprofits
Awesome Bro! Thanks again your the best.
xosatwe
thanks boss! i have learnt so much from you!
gogitirqa
everyone we should thank MEX_Exchange more for all the work he has been doing...
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